Kinh Bac to develop its 4th industrial park in northern Vietnam province Bac Ninh
Vietnamese major developer Kinh Bac City Development Holding Corporation (HoSE: KBC) will build the Que Vo Expansion 2 Industrial Park worth nearly VND1.88 trillion ($71.2 million) in Bac Ninh, its fourth in the northern province.
The Bac Ninh province People's Committee on August 21 approved the 1/2000 zoning plan for the project. Earlier, in late April, local authorities approved Kinh Bac City as the project’s developer.
An aerial view of Que Vo Industrial Park, Bac Ninh province, northern Vietnam. Photo courtery of KBC.
Under the investment plan, the IP will cover over 140.3 hectares in Bong Lai and Phuong Lieu wards and Chi Lang commune. The site lies approximately 600 meters west of the existing Que Vo Industrial Park.
To the north, the Noi Bai-Bac Ninh-Ha Long Expressway runs near the project, while the Duong River flows just over 2 kilometers to the south.
Kinh Bac City plans to begin construction in Q1/2026, with completion targeted for Q4/2029. Commercial operations are expected to commence as early as Q2/2028.
The company has invested in three industrial parks in Bac Ninh - home to a Samsung factory: Que Vo, Que Vo Expansion, and Nam Son-Hap Linh. The new project - Que Vo Expansion 2 - will mark the company’s fourth industrial park in the province.
Kinh Bac City envisions Que Vo Expansion 2 as a multi-sector, high-tech industrial park, focusing on attracting investment in electronics, electronic components, and precision engineering.
The company views this project as a continuation of the success of its previous industrial parks in the province - Que Vo and Que Vo Expansion, which together span 611 hectares. These two parks, developed since 2003, are now fully occupied, having attracted a total investment of over $3 billion.
According to its audited H1/2025 consolidated financial statement, Kinh Bac City recorded net revenue of VND3.69 trillion ($139.7 million), up 253% year-on-year.
Its net profit reached over VND1.25 trillion ($47.32 million), representing a 6.4-fold increase compared to the same period in 2024.
On the HoSE, KBC closed Monday at VND36,900 ($1.4) per share.
- Related News
- Read More
Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations
Operating at full capacity, the Nghi Son Refinery and Petrochemical Complex in Vietnam's central province of Thanh Hoa reported its first profit in Q1/2026, marking a significant turnaround after years of losses.
Economy - Sun, June 14, 2026 | 2:45 pm GMT+7
50 years of Gamuda Berhad and its urban development journey in Vietnam
Celebrating 50 years of establishment and growth, Gamuda Berhad – one of Malaysia’s leading infrastructure and urban development groups – has evolved from an infrastructure specialist into an integrated urban developer with a growing presence across Asia.
Real Estate - Sun, June 14, 2026 | 11:21 am GMT+7
Industrials, technology top Vietnamese sectors in M&A transaction volume
Vietnam’s M&A market recorded 24 transactions in May, with industrials, technology and healthcare sectors being the most active sectors in terms of transaction volume, writes Grant Thornton analysts.
Consulting - Sun, June 14, 2026 | 9:00 am GMT+7
Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook
Vietnam National Textile and Garment Group (UPCoM: VGT) reported consolidated profit growth of 14.4% in the first half of 2026, driven by a strong recovery in its yarn business, even as weakening global demand and uncertainty over U.S. trade policy cast a shadow over the sector’s outlook.
Companies - Sun, June 14, 2026 | 8:00 am GMT+7
Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026
Gamuda Land Vietnam has been recognized as one of the “Top 10 Enterprises Pioneering Green Transformation 2025-2026” at the 25th Golden Dragon Awards.
Companies - Sat, June 13, 2026 | 7:45 pm GMT+7
T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam
Vietnamese conglomerate T&T Group is seeking to accelerate five projects in Bac Ninh while proposing two new developments in this northern province.
Infrastructure - Sat, June 13, 2026 | 7:09 pm GMT+7
VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations
VinFast, the EV arm of Vietnamese conglomerate Vingroup (HoSE: VIC) targets at least 300,000 electric vehicle deliveries globally this year, up 52% year-on-year, while pursuing a restructuring plan aimed at improving capital efficiency, according to a report by Vietcap Securities.
Companies - Sat, June 13, 2026 | 3:07 pm GMT+7
Vietnam economy resilience amid cost pressures, external strains: UOB
The VND has stabilized in recent weeks, trading in a range of VND26,291-26,372 per U.S. dollars in April-May, well within the State Bank of Vietnam’s ±5% band. In a report released on Friday, UOB analysts say on balance, they retain a gradual depreciation bias for the USD/VND, with updated forecasts of 26,500 in Q3/2026, 26,400 in Q4/2026, 26,300 in Q1/2027, and 26,100 in Q2/2027.
Consulting - Sat, June 13, 2026 | 11:49 am GMT+7
Vietnam Politburo issues resolution on FDI sector development
The Politburo, Vietnam's highest decision-making body, has issued a resolution that establishes a new mindset in developing the FDI sector.
Economy - Sat, June 13, 2026 | 8:17 am GMT+7
Japan’s Meiko breaks ground on $500 mln electronic circuit plant in northern Vietnam
Japanese electronics manufacturer Meiko Group on Friday broke ground on a $500 million electronic circuit plant in northern Vietnam, underscoring the country’s growing role in global technology supply chains and advanced manufacturing.
Investing - Fri, June 12, 2026 | 4:06 pm GMT+7
Vietnam's EVN discusses energy investment opportunities with Thailand's Gulf Energy
Vietnam Electricity (EVN) chairman Dang Hoang An met executives from Thailand's Gulf Energy in Hanoi on Wednesday to discuss the company's investment plans and the development of energy projects in Vietnam.
Energy - Fri, June 12, 2026 | 3:59 pm GMT+7
Three developers commit nearly $570 mln to free trade zone in central Vietnam
Authorities in Vietnam’s central city of Danang has approved over VND15 trillion ($569.7 million) of investment for three infrastructure projects at its newly established free trade zone (FTZ).
Infrastructure - Fri, June 12, 2026 | 12:36 pm GMT+7
PV Gas imports nearly 120,000 metric tons of LNG, LPG amid peak energy demand
PV Gas, a subsidiary of state-owned Petrovietnam, has received nearly 120,000 metric tons of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) as it moves to secure fuel supplies against rising domestic energy demand and volatile global markets.
Companies - Fri, June 12, 2026 | 12:20 pm GMT+7
Vietnam government seeks assurances from TKG Taekwang over $2.2 bln power project
Vietnam's Standing Deputy Prime Minister Pham Gia Tuc has asked South Korea's TKG Taekwang Group to clarify its commitment to moving ahead with the long-delayed Nam Dinh 1 build-operate-transfer (BOT) thermal power project, with a particular focus on financing arrangements, carbon-emission reduction technology and a specific construction timeline.
Energy - Fri, June 12, 2026 | 9:06 am GMT+7
CIP, Fecon propose 1-GW Lao wind farm to export power to Vietnam
Danish renewable energy developer Copenhagen Infrastructure Partners (CIP) and Vietnamese contractor developer Fecon have proposed co-developing a 1-GW onshore wind project in Laos to export electricity to Vietnam, as the two companies seek to capitalize on growing regional demand for clean energy.
Energy - Thu, June 11, 2026 | 9:40 pm GMT+7
What did Sun Group propose during meeting with Thai Prime Minister?
Sun Group has proposed several strategic pillars of cooperation between businesses of Vietnam and Thailand, aiming to strengthen bilateral economic ties.
Companies - Thu, June 11, 2026 | 8:17 pm GMT+7
